Japan is going to launch its new project

CBDC, Japan is going to launch its new project 

17 February 2023

Category

Japan is testing a model of a CBDC ecosystem that it's going to be launch before May. 

Uchida, the executive director of the Bank of Japan, told that the project consists of a digital yen which will be extend to a CBDC ecosystem with the participation of private companies. 

Another news could be the remotion of the ban on foreign stable coins, in force since 2022.

Japan will not automatically pass  any foreign stable coin onto market but stable coins may enter if they will individually certified.

SOURCE: CoinTelegraph

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